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Property profile & analytics
FOR LEASE
Office buildings

40 Calhoun St Charleston, SC 29401

43,550 SF 1.33 ac lot Built 2006
Entity Owned 22-yr Hold ~ Est. High Equity
Property ID
US77-1182051
Property summary
AI-generated overview

Charleston Gateway Campus offers 123,005 square feet of Class A office space in a vibrant, walkable complex. The property, built in 2006, features a diverse tenant mix, primarily legal, insurance, and financial services firms, alongside retail and restaurant spaces. Available spaces range from move-in-ready executive suites of 314 square feet to larger, customizable floor plans up to 9,375 contiguous square feet, with a minimum divisible space of 1,356 square feet. Currently, 14,165 square feet are vacant. The campus boasts a planned redevelopment including outdoor seating and dining areas, and a large courtyard accessible from Washington Street. Its prime location at the intersection of Calhoun and East Bay Streets offers excellent visibility and proximity to I-26 and the Ravenel Bridges. Amenities include on-site parking (leasing at $175/month), additional parking options at nearby garages ($160/month), a backup generator, and after-hours access to a rooftop with harbor views (by reservation). Building 480 East Bay offers shell condition spaces ideal for retail, restaurant, or office use, including Suite E with high, exposed ceilings and skylights. The 40 Calhoun building offers full-service office space. South Atlantic Bank and Liberty Place are among the existing tenants.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2006
Total area 43,550 SF
Lot 1.33 ac (57,935 SF)
APN 459-13-04-014
UPID US77-1182051
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Moore & Van Allen: Heichelbech Jenny M Law Firm
  • Timothy J. W. Muller, Esq. Law Firm
  • The Steadman Agency Insurance Agency
  • MassMutual South Carolina Financial Advisor
  • Palmer & Cay Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$26.70M
Blend (final) Blend
$23.15M
Owner & transaction history
Charleston Gateway Center LLC
Charleston Gateway Center LLC
2 recorded transactions
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $37.6M +127.8%
Restaurant $24.8M +50.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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